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LyondellBasell Industries NV stock downgraded to Sell Candidate
(Updated on May 03, 2024)

Sell candidate since May 03, 2024 PDF

The LyondellBasell Industries NV stock price gained 0.344% on the last trading day (Friday, 3rd May 2024), rising from $98.78 to $99.12. During the last trading day the stock fluctuated 0.85% from a day low at $98.93 to a day high of $99.77. The price has fallen in 7 of the last 10 days and is down by -1.61% for this period. Volume fell on the last day by -464 thousand shares and in total, 1 million shares were bought and sold for approximately $106.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $98.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.75% during the next 3 months and, with a 90% probability hold a price between $104.56 and $114.16 at the end of this 3-month period.

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LYB Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The LyondellBasell Industries NV stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $100.13 and $101.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for LyondellBasell Industries NV stock

LyondellBasell Industries NV finds support from accumulated volume at $99.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.84 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.62%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LYB) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect LyondellBasell Industries NV to open at $99.27, and during the day (based on 14 day Average True Range), to move between $97.39 and $100.85, which gives a possible trading interval of +/-$1.73 (+/-1.74%) up or down from last closing price. If LyondellBasell Industries NV takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $99.02 (0.10%) than the resistance at $99.91 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is LyondellBasell Industries NV stock A Buy?

The LyondellBasell Industries NV stock holds several negative signals and despite the positive trend, we believe LyondellBasell Industries NV will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.015 Sell Candidate Downgraded

Predicted Opening Price for LyondellBasell Industries NV of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$99.27 ( 0.155%) $99.12

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LYB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 100.11 1.00 %
R2 99.79 0.678 %
R1 99.59 0.478 %
Current price: 99.12
Support S1 98.95 -0.169 %
S2 98.75 -0.369 %
S3 98.43 -0.693 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 101.71 2.61 %
R2 101.66 2.56 %
R1 99.91 0.797 %
Current price 99.12
Support S1 99.02 -0.101%
S2 96.50 -2.64%
S3 94.47 -4.69%

LYB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Mar 01, 2024 Mar 11, 2024 $1.25 1.24%
2 Nov 17, 2023 Nov 24, 2023 Dec 04, 2023 $1.25 1.33%
3 Aug 18, 2023 Aug 25, 2023 Sep 05, 2023 $1.25 1.27%
4 May 19, 2023 May 26, 2023 Jun 06, 2023 $1.25 1.40%
5 Feb 24, 2023 Mar 03, 2023 Jun 06, 2023 $1.19 1.34%

FAQ

What is the symbol for LyondellBasell Industries NV Stock and on which exchange is it traded?
The symbol for LyondellBasell Industries NV is LYB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell LyondellBasell Industries NV Stock?
The LyondellBasell Industries NV stock holds several negative signals and despite the positive trend, we believe LyondellBasell Industries NV will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy LyondellBasell Industries NV Stock?
LyondellBasell Industries NV Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy LyondellBasell Industries NV Stock.

What's the current price of LyondellBasell Industries NV Stock?
As of the end of day on the May 03, 2024, the price of an LyondellBasell Industries NV (LYB) share was $99.12.

What is the 52-week high and low for LyondellBasell Industries NV Stock?
The 52-week high for LyondellBasell Industries NV Stock is $106.69 and the 52-week low is $84.80.

What is the market capitalization of LyondellBasell Industries NV Stock?
As of the May 03, 2024, the market capitalization of LyondellBasell Industries NV is 32.165B.

When is the next earnings date for LyondellBasell Industries NV?
The upcoming earnings date for LyondellBasell Industries NV is Aug 02, 2024.
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About LyondellBasell Industries NV

LyondellBasell Industries NV LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyolefins; ... LYB Profile

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